#27 AC Milan

Value: $989 million
Owner: Silvio Berlusconi

AC Milan won the Serie A title for the 18th time during the 2010-11 season, tying them with Inter Milan for the second-most Italian championships, but finished second behind Juventus in 2012. The Rossoneri are the most valuable Italian team, but lavish spending on players caused the team's operating income (earnings before interest, taxes, depreciation and amortization) to decline to $29 million in 2011 from $41 million in 2009. Still, with Audi, Sky Italia, Taci Oil and Emirates as sponsors, AC Milan generated commercial revenue of $133 million during 2011. Former Italian Prime Minister Silvio Berlusconi has owned the club since 1986.